[NEWS] – Positive signals from economic statistics for February and the first 2 months of 2023

Socio-economic in February and the first 2 months of the year still had positive signals compared to the same period in 2022, especially from export activities and the number of newly established enterprises.

Taking place in the context that the world economy continues to have complicated fluctuations, global inflation, although cooled down, remains at a high level, energy prices increase, and the war between Russia and Ukraine unfolds unexpectedly... In February and the first two months of the year, there were still positive signs, compared to the same period in 2022, mainly from export activities and the number of newly established enterprises.

The industrial production index in February was estimated to increase by 3.6% over the same period last year. In general, the two months decreased by 6.3%, while the processing and manufacturing industry decreased the most by 6.9%.

In February, the whole country had more than 8,800 newly established enterprises and nearly 4,000 enterprises returned to operation, about 7,600 enterprises registered to suspend business for a definite time, waiting for dissolution and completion of dissolution procedures. Generally, in 2 months, nearly 38,000 enterprises were written for new establishment and returned to operation. The number of enterprises withdrawing from the market is more than 51,000 enterprises.

Investment capital realized from the budget in the past 2 months is estimated at nearly VND 57,000 billion, equaling 8.3% of the year plan. Total foreign investment capital registered in Vietnam as of February 20, 2023, reached 3.1 billion USD. Realized foreign direct investment capital in Vietnam is estimated at 2.55 billion USD.

Merchandise export turnover in February was estimated at nearly $26 billion, up 11% over the same period last year. Generally, in 2 months, it is estimated at 49.44 billion USD, notably the group of processed industrial products - accounting for 89.8%.

Import turnover in February was estimated at 23.58 billion USD, down 6.7% over the same period last year. Generally, in 2 months, it is estimated at 46.62 billion USD, of which capital goods accounted for 93.6%. The US is Vietnam’s largest export market. China is Vietnam’s largest import market. The merchandise trade balance in 2 months is estimated to have a trade surplus of 2.82 billion USD.

The average consumer price index in 2 months increased by 4.6% over the same period in 2022; core inflation increased by 5.08%.

Source: Collector